Thursday, June 18, 2015

Jacqueline Laurita's New Jersey Home in Foreclosure


NJ.com:
Another "Real Housewives" star could be real house-less soon. Hudson City Savings Bank has filed papers in Bergen County Courthouse to foreclose on the Franklin Lakes home of Jacqueline and Chris Laurita. Another home owned by Chris Laurita, located in Wayne, is also being foreclosed upon.

The couple had placed the Franklin Lakes home on the market in January 2014 for $2.85 million, then dropped the price later that year to $2.78 million. The custom-built six-bedroom home on nearly two acres features ornate millwork, hand-painted murals in the dining room, a custom kitchen with a wine fridge, and a walk-out basement with playroom, wine cellar and an office.

According to the filing, Chris Laurita took out a $1.6 million mortgage in October 2007, with monthly payments of $10,846, but has not made made a payment since October 2014.

Court records also show that Nationwide is foreclosing on another home owned by Laurita -- a four-bedroom Colonial in Wayne that he purchased in 2007 for $725,000, taking out a $525,000 mortgage.
The home was put on the market in 2012 for $699,000, and the price dropped to $599,000 by the time the listing was pulled in January. Nationwide claims Laurita has been in default since January 2012.

The Lauritas were not initially not invited back for the show's sixth season, though they did appear in later episodes, primarily to serve as a Greek chorus of sorts, commenting on the legal drama surrounding co-star and frenemy Teresa Giudice.

Jacqueline Laurita also revealed on camera that they had put their home on the market because of mounting bills for their son Nicholas's autism treatment. They didn't mention the lawsuit they were facing that stemmed from Chris's business bankruptcy and in which they were accused of draining the company's bank accounts to fund their lavish lifestyle.
RELATED: ‘RHONJ’ Season 7: Did Jacqueline Laurita Confirm Teresa Giudice’s Return?